Javelot, a pioneer in digital solutions for post-harvest and grain storage, announces the raising of 10 million euros from NextStage AM and IDIA Capital Investissement, as well as from its historical investors (Sparkling Partners and Unilis Agtech, joint venture between Unigrains and Arvalis) and Crédit Agricole Brie Picardie.
This new funding round meets two objectives for the company:
- Accelerate its development, especially internationally, with the ambition to become the European leader in digital post-harvest transformation, overseeing 50% of the EU market by 2025.
- Expand its service offering within an integrated platform that covers all post-harvest and grain storage operations and thus enables cooperatives and agricultural businesses to go even further in improving their economic and environmental performance.
Created in 2018 in Wasquehal (Lille) by Félix Bonduelle, agricultural engineer, Vindicien Delcourt, farmer, and the start-up studio Sparkling Partners, Javelot has proven the robustness of its economic model on the French market, of which it will monitor 10% of stocks. cereals by the end of 2022.
Around a hundred key account customers are already using the Javelot solution. By connecting temperature probes, fans and insect traps, the platform makes it possible to visualize in real time all the storage sites, the temperature history and to control the operation of the fans remotely in order to control the temperature in the silos and optimize ventilation. Thereby, in addition to the almost total elimination of storage insecticides, the user can achieve substantial savings in energy consumption, from 30 to 70% compared to conventional equipment.
« We were 4 in 2018, we are 25 today and we plan to triple our workforce by the end of 2023. I would like to thank the NextStage AM and IDIA Capital Investissement teams for the trust they place in us. They quickly grasped the problems of our profession and the major issues related to them, such as food and digital sovereignty, energy sobriety or even the agro-ecological transition.
This new funding confirms our ambitions with the objective of deploying our solutions on the European market exponentially and expanding our solution to meet the many problems of our customers. For example, we are working on perfecting a tool to generate grain collection plans in order to optimize the transport of grain, the filling of silos and the flows from one storage site to another. “says Félix Bonduelle, co-founder of Javelot.
« The agricultural sector is facing many digital and food challenges. The solution proposed by Javelot, at the heart of environmental innovation, allows economic players to respond to it by offering better operational and environmental performance, more energy- and phytosanitary product-saving storage, and better preserved grain quality. The very strong growth experienced by Javelot in a few years has proven the added value of its solutions and the solidity of its economic model; we are proud to support entrepreneurs to take the next step says Nicolas de Saint-Etienne, Partner in charge of the unlisted business at NextStage AM.
« We are proud to support Javelot in this new stage. Its solution responds to agricultural and energy issues that concern us all and are one of the reasons for our CA Transitions fund. The relevance of its offer for the major players in the sector and its ability to deploy it quickly convinced us that Javelot had the potential to occupy a major place in Europe. “, explain Arnaud Pradier and Thomas Rossille, Associate Director and Investment Director at IDIA Capital Investissement.
“Javelot's approach to post-harvest digital transition supports our vision for the 3rd Way of Agriculture. In the current context, succeeding in cooling grains while drastically reducing the energy impact of our storage organization infrastructures is an absolutely necessary feat achieved by Javelot. More than storage, Javelot's vision of supporting the European sector in its transformation from the farm to the primary processing industries by optimizing each of the stages is, by nature, an ambition that I share.", concludes Thierry Blandinières, Managing Director of InVivo, France's leading agricultural cooperative group.
Originally a specialist in connected thermometry for grain storage, Javelot offers a global platform for centralizing grain storage data, allowing its customers (cooperatives, traders and farmers) to optimize the economic and environmental performance of their storage. In addition to the almost total elimination of storage insecticides, Javelot makes it possible to make substantial energy savings thanks to the intelligent control of ventilation.
In July 2022, Javelot is recognized as one of the most promising French AgriTechs, by being selected in the FrenchTechAgri20 program, carried by the French Tech mission, in partnership with the Ministry of Agriculture.
About IDIA Capital Investissement
IDIA Capital Investissement brings together the national minority investment capital activities for the Crédit Agricole group's own account, supporting ETIs and SMEs in all sectors of activity with recognized expertise in the agri-food, wine and energy transition sectors. The total funds managed by IDIA Capital Investissement amount to 2 billion euros.
In 2019, IDIA Capital Investissement created CA Transitions, the first proprietary banking investment fund dedicated to energy, agricultural and agri-food transitions. Endowed with 160 million euros, it aims to invest in agri-food companies in transition to more sustainable production methods, in energy transition companies, and in younger companies offering innovative solutions to accelerate the transition of agricultural and agri-food sectors. The financial capacity of the CA Transitions and LCL Croissance funds (investment tickets between €1 million and €20 million) enable it to provide long-term support for business development.
IDIA is a Portfolio Management Company approved by the AMF under number GP-15000010
About Sparkling Partners
Sparkling Partners is a French start-up studio based in Lille and Paris. Since its creation in 2014, Sparkling Partners has created more than twenty innovative companies in connected health, retail, agriculture, agri-food and industrial connected objects.
Press contacts :
IDIA Private Equity : Audrey Turning – firstname.lastname@example.org - 01 43 23 79 77
Javelin : Emilie Broyon – email@example.com - 06 80 92 26 28
NextStage AM :Jonathan Boudin – firstname.lastname@example.org - 01 44 29 99 04
NextStage AM team : Nicolas de Saint Etienne, Enzo Cardillo
IDIA Capital Investment team : Arnaud Pradier, Thomas Rossille, Adrien Tawegoum
Investors Council :
Oxynomia Lawyers : Fabien Rorato – email@example.com – 01 56 89 29 50 / Bastien Reverbel
Financial Due Diligence Investors :
BM&A : Guilhem de Montmarin – firstname.lastname@example.org
Company Council :
Bignon-Lebray : Tanguy Dubly – email@example.com / Francois Vibert
Operation Council :
Financial Slipper : Marc Sudreau – firstname.lastname@example.org / Tarik Admane
Find the full Press Release in pdf format: https://nextstage-am.com/wp-content/uploads/2022/09/CP-Javelot-annonce-une-levee-de-10-millions-deuros-menee-par-NextStage-AM-et-IDIA-Capital-Investissement-_26092022.pdf